Deseret Mutual Benefit Administrators Has $2.66 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Deseret Mutual Benefit Administrators lessened its stake in Oracle Co. (NYSE:ORCL) by 9.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,863 shares of the enterprise software provider’s stock after selling 1,955 shares during the quarter. Oracle makes up approximately 1.2% of Deseret Mutual Benefit Administrators’ holdings, making the stock its 9th biggest holding. Deseret Mutual Benefit Administrators’ holdings in Oracle were worth $2,663,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Westend Capital Management LLC bought a new position in shares of Oracle in the 1st quarter worth about $25,000. Tidemark LLC bought a new position in shares of Oracle during the fourth quarter valued at approximately $29,000. Nordwand Advisors LLC acquired a new stake in shares of Oracle during the 4th quarter worth approximately $30,000. Frank Rimerman Advisors LLC acquired a new position in Oracle during the 4th quarter valued at approximately $30,000. Finally, POM Investment Strategies LLC bought a new position in Oracle during the 2nd quarter worth $30,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Up 0.1 %

Oracle stock traded up $0.11 during mid-day trading on Thursday, hitting $140.86. 682,150 shares of the company’s stock were exchanged, compared to its average volume of 7,990,682. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $146.59. The stock has a 50 day moving average of $138.66 and a two-hundred day moving average of $128.02. The stock has a market cap of $388.19 billion, a P/E ratio of 37.93, a P/E/G ratio of 2.55 and a beta of 1.01. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25.

Oracle (NYSE:ORCL) last announced its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.35 EPS. As a group, analysts anticipate that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Thursday, July 11th. Oracle’s payout ratio is presently 43.13%.

Analysts Set New Price Targets

ORCL has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. JPMorgan Chase & Co. boosted their price objective on Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Evercore ISI lifted their target price on Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Citigroup decreased their price target on Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a research note on Monday, June 10th. Finally, KeyCorp upped their price objective on shares of Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, June 12th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

Insider Buying and Selling

In other news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. The sale was disclosed in a filing with the SEC, which is available at this link. In other Oracle news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The disclosure for this sale can be found here. Insiders have sold a total of 1,862,500 shares of company stock valued at $266,776,624 over the last three months. 42.80% of the stock is owned by corporate insiders.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.